OTCPK:CXSN.F

Stock Analysis Report

Executive Summary

Street Capital Group Inc., through its subsidiary, Street Capital Bank of Canada, provides a range of deposit and residential mortgage solutions in Canada.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Street Capital Group's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.04%

CXSN.F

1.6%

US Mortgage

0.4%

US Market


1 Year Return

-26.3%

CXSN.F

15.2%

US Mortgage

6.9%

US Market

Return vs Industry: CXSN.F underperformed the US Mortgage industry which returned 15.2% over the past year.

Return vs Market: CXSN.F underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

CXSN.FIndustryMarket
7 Day0.04%1.6%0.4%
30 Day7.4%1.0%-1.2%
90 Day-1.0%4.0%-0.4%
1 Year-26.3%-26.3%17.7%15.2%9.3%6.9%
3 Year-50.5%-50.5%41.2%31.8%45.8%36.4%
5 Year-64.7%-64.7%71.5%53.4%62.9%45.1%

Price Volatility Vs. Market

How volatile is Street Capital Group's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Street Capital Group undervalued compared to its fair value and its price relative to the market?

0.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate CXSN.F's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate CXSN.F's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CXSN.F is unprofitable, so we can't compare its PE Ratio to the Mortgage industry average.

PE vs Market: CXSN.F is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate CXSN.F's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CXSN.F is good value based on its PB Ratio (0.8x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is Street Capital Group forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

65.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CXSN.F is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CXSN.F is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CXSN.F is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if CXSN.F's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if CXSN.F's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if CXSN.F's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Street Capital Group performed over the past 5 years?

-40.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CXSN.F is unprofitable, and losses have increased over the past 5 years at a rate of -40.5% per year.

Accelerating Growth: Unable to compare CXSN.F's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CXSN.F is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (31.5%).


Return on Equity

High ROE: CXSN.F has a negative Return on Equity (-49.31%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CXSN.F is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CXSN.F is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Street Capital Group's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: CXSN.F has a low level of unsold assets or inventory.

Debt Coverage by Assets: CXSN.F's debt is covered by short term assets (assets are 9.138600x debt).


Financial Institutions Analysis

Asset Level: CXSN.F's level of assets compared to its equity is moderate.

Allowance for Bad Loans: Insufficient data to determine if CXSN.F has a sufficient allowance for bad loans.

Low Risk Liabilities: CXSN.F reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if CXSN.F has an acceptable proportion of non-loan assets held.

Low Risk Deposits: CXSN.F has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if CXSN.F has an appropriate level of bad loans.


Next Steps

Dividend

What is Street Capital Group's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.7%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CXSN.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CXSN.F's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CXSN.F's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CXSN.F's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CXSN.F's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Street Capital Group's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average management tenure


CEO

Duncan Hannay 0

2.1yrs

Tenure

CA$1,202,596

Compensation

Mr. Duncan Hannay has been Chief Executive Officer and President of Street Capital Group Inc. and Street Capital Financial Corporation since September 1, 2017. Mr. Hannay serves as the acting Chief Operati ...


CEO Compensation Analysis

Compensation vs. Market: Duncan has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Duncan's compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.0yrs

Average Tenure

Experienced Management: CXSN.F's management team is considered experienced (2 years average tenure).


Board Age and Tenure

4.3yrs

Average Tenure

63yo

Average Age

Experienced Board: CXSN.F's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Ed Gettings

    Non-Management Director

    • Tenure: 4.3yrs
    • Compensation: CA$60.50k
  • Gary Taylor (50yo)

    Executive VP & Chief Risk Officer

    • Tenure: 3.4yrs
    • Compensation: CA$671.16k
  • Duncan Hannay

    President

    • Tenure: 2.1yrs
    • Compensation: CA$1.20m
  • R. Levy

    Executive Vice President of Corporate Development

    • Tenure: 0.8yrs
    • Compensation: CA$788.55k
  • Greg Parker

    Executive Vice President of Capital Markets & Treasury

    • Tenure: 2yrs
    • Compensation: CA$656.66k
  • Marissa Lauder (51yo)

    Executive VP & CFO

    • Tenure: 4.3yrs
    • Compensation: CA$688.00k
  • Sonia Aggelakis

    Vice President of Human Resources

    • Tenure: 0yrs
  • Randy Alexander

    Chief Information Officer

    • Tenure: 0yrs
  • Caspar Sinnige

    VP, General Counsel & Corporate Secretary

    • Tenure: 0.8yrs
  • Mike Spero

    Senior Vice President of Operations

    • Tenure: 0.8yrs

Board Members

  • Morris Perlis (70yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: CA$86.50k
  • Ron Lalonde (63yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: CA$95.50k
  • Ed Gettings

    Non-Management Director

    • Tenure: 4.3yrs
    • Compensation: CA$60.50k
  • Ron Appleby

    Director

    • Tenure: 12.3yrs
    • Compensation: CA$75.50k
  • Duncan Hannay

    President

    • Tenure: 2.1yrs
    • Compensation: CA$1.20m
  • Carrie Russell

    Director

    • Tenure: 1.3yrs
    • Compensation: CA$41.11k
  • Tom Bermingham

    Director

    • Tenure: 4.3yrs
    • Compensation: CA$74.00k
  • Lea Ray (53yo)

    Chairman of the Board

    • Tenure: 0.8yrs
    • Compensation: CA$109.00k

Company Information

Street Capital Group Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Street Capital Group Inc.
  • Ticker: CXSN.F
  • Exchange: OTCPK
  • Founded: 1979
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: CA$83.085m
  • Listing Market Cap: CA$63.260m
  • Shares outstanding: 122.18m
  • Website: https://www.streetcapital.ca/investors

Number of Employees


Location

  • Street Capital Group Inc.
  • 1 Yonge Street
  • Suite 2401
  • Toronto
  • Ontario
  • M5E 1E5
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SCBTSX (The Toronto Stock Exchange)YesCommon SharesCACADJun 1986
CXSN.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 1986

Biography

Street Capital Group Inc., through its subsidiary, Street Capital Bank of Canada, provides a range of deposit and residential mortgage solutions in Canada. The company originates and sells high ratio and c ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 23:33
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.